Ali Martinez, a cryptocurrency trader and expert in the field of cryptography, is bullish about an altcoin which has been around for less than two month. He also revealed his predictions on XRP and Sui.
Martinez told his 134.300 social media followers that the native token for Berachain, the recently launched crypto project focusing on Decentralized Finance (DeFi), may increase by as much as 70% if it manages to breach a critical resistance level.
A breakout here could open the gates to $14!” If this breakout occurs, we could see a move to $14 !”
At the time of this writing, Berachain’s mainnet, which was launched in early January, trades at $8.23.
Next is XRP. Martinez says that the altcoin focusing on payments is currently forming the head and shoulders pattern in the daily timeframe. Head-and-shoulders patterns are typically seen as bearish, because they indicate that the asset cannot sustain an uptrend with its lower right shoulder.
Analysts, on the other hand, say that XRP’s outlook can be turned bullish if it rises 38% above its current price and crosses over the $3 level of resistance.
According to the chart of the trader, it seems that XRP could drop below $1.30 once $2 becomes a support.
At the time of this writing, XRP was trading at $2.18.
Martinez, when referring to Sui says the native token for the layer-1 chain could increase by as much as 28% if it continues to enjoy the positive momentum that crypto assets have enjoyed recently.
The SUI surged by 25% following a Tom DeMark Sequential Buy Signal. If the bullish trend continues, then $2.88 or $3.25 will be key levels .”
TD Sequential indicator is used for technical analysis in order to identify potential trends reversal.
Sui was trading for $2.53 as of the date this article is written.
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Sources of Images include Pixabay Creative Commons & Midjourney
The post Updates on SUI and XRP Outlook may change as new information becomes available.
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